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Himax Technologies Rebukes Motley Fool Article

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Himax Technologies, a supplier and fabless manufacturer of display drivers and other semiconductor products, today responded to what they say is a false and misleading article, Why Himax Technologies Is Struggling, published by Motley Fool, an online stock commentary blog, dated September 6, 2018. The article has subsequently been picked up by major public portals such as Nasdaq, Yahoo Finance, etc, and spread out in the investor community. The Company cautions investors that the Motley Fool article contains false and misleading information.

The Company expects TDDI will contribute substantial year-over-year growth for 2018 and 2019. Furthermore, Himax expects its WLO shipment to its anchor customer will increase substantially throughout the second half of this year and represent significant growth versus 2H17 and sequentially, versus the first half of 2018. Contributing to its growth expectations, Himax citied its strong pipeline of new WLO R&D projects with the anchor customer and other tier-1 customers.

For Android smartphones, Himax also believes its recently announced Active Stereo Camera (ASC) 3D sensing solution, jointly developed with MediaTek and Megvii for mass market models, and the Qualcomm/Himax jointly developed structured light 3D sensing solution for high end smartphone models will facilitate a broader adoption of 3D sensing on Android smartphones during 2019. The Company targets to begin 3D sensing product shipment towards the end of the year or early 2019 with major ramp in 2019.

"Our business is strong and strategic initiatives remain on track. In fact, our shipments of WLO products are accelerating in 3Q18 and the shipment of 3D sensing products will start towards the end of the year or early 2019. We are very excited about the promising outlook for TDDI, WLO and 3D sensing businesses in the second half of 2018 and leading into 2019. We are more optimistic than ever about the growth opportunities of all three product segments. TDDI, WLO and 3D sensing will significantly contribute to the Company's top and bottom lines as they represent higher average sales prices (ASPs) and profitability than its traditional display driver IC business," said Jordan Wu, President and CEO of Himax.


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